INTRADAY Stock (Based on Candle stick pattern)

THURSDAY 17-APR-2025

HDFCBANK (closing @1878.00)

Bearish candle formation in daily chart.Stock is near resistance zone around 1880.Stock is around RSI 65 zone and closed above 20 EMA

Note: generally when a stock is Bullish candle formation then if it breaks and sustain above previous session High or previous resistance then leads to further same side move or may reversal. Key is to observe the sustainability in particular time frame.

generally when a stock is Bearish candle formation then if it breaks and sustain above previous session Low or previous support then leads to further same side move or may reversal. Key is to observe the sustainability in particular time frame.

 

While practicing Keep around 1% Target from Entry point and 1% SL to maintain risk management-Trail always to remain safe

(wait for the 5 min candle to close above/close below the given level then Observe)

 

CRUDEOIL APR FUT (closing @ 5336)

As per mathematical calculation Here is below values which can be Observed

 zone -  5365

 zone -  5305

While practicing Keep around 20 Points Target from Entry point and SL @ Closing Price 
(around closing value of previous day as mentioned) 
to maintain risk management-Trail always to remain safe
(wait for the 15 min candle to close above/close below the given level then Observe)

(Note:Only for Observation Learning purpose)

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Note:

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

WE ARE NOT ADVISORY or TIPS PROVIDERS
we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose
Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50